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Michael Jordan's Original Nike 'Air Jordan' Sneakers Smashing Auction Records At $288,000!

Gettyimages | JEFF HAYNES
By Mike Walters

A pair of original Michael Jordan 'Air Jordan' sneakers are smashing auction records hitting an unprecedented $288,000!!

Sotheby's is currently auctioning off a game-worn pair of Nike 'Air Jordan 1's' from 1985, and it is such a hot commodity the items have already hit almost $300K.

After the huge success of ESPN's 'The Last Dance' sneaker fans have created a bidding war, trying to score the shoes. The auction is still going and ends this weekend, but the bid is already at a staggering $288,000.

Check Out The Sneakers!

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See A Photo Of Original 'Air Jordan 1's!

Sotheby’s

The shoes will be the most expensive piece of Michael Jordan memorabilia to ever be sold, surpassing the $190K paid for his Converse shoes worn in the 1984 Olympic games.

As you can see, the vintage original is in the Chicago Bulls colors (red, black, and white) the style most often wore by MJ on the court.

The back story of the shoes isn't almost as great as the sneakers themselves. In 1984, Nike gave Jordan his first contract giving him a signature line of shoes and apparel. A year later, MJ was given his first pair of Air Jordan's at one of the most important points in his career.

Of course, their popularity skyrocketed!!

The Autographed Pair Is Pulling In A Staggering $300K

Sotheby’s

In a stunning move, the NBA sent a letter to Nike in February of 1985, telling the company the MJ's colorful shoes were a violation of the leagues 'uniformity of uniform' clause. Who knows what that meant at the time!

So, Nike responded by creating a brilliant ad campaign around the banned shoes and creating a commercial that is even more impressive.

At the time, Nike put out this mind-blowing line, “The NBA threw them out of the game, fortunately, the NBA can’t stop you from wearing them.”

Almost immediately, it become one of the most popular shoes in the world.

The NBA Banned The First 'Air Jordan' Ever Released

Sotheby’s

How popular you ask?

Nike's first contract with Michael Jordan was $250,000 a year, with the expectation that the shoes and clothing would bring in around $3 million a year by the fourth year of his contract.

Instead, it sold $126 MILLION in the first year and has gotten bigger and bigger every year. Here's the craziest part -- Nike's 'Jordan' brand combined has generated $3.14 BILLION (with a 'B') in revenue in 2019.

Check Out The Nike 'Air Jordan' banned commercial!

'The Last Dance' Documentary's Success Has Skyrocketed Auction Bids!

Gettyimages | Focus On Sport

Where does MJ's mind-blowing sneaker sale stack up with the richest in history?

One of the most iconic pieces in the shoe world was the sale of the Ruby Red Slippers from 'The Wizard of Oz.' Of the only three pairs in existence -- one sold at a Christie's in New York auction for $666,000 and another from the 2011 'Debbie Reynolds Estate Auction' sold privately for a reported $2 million!

The bottom line, if you want to get your hands on this priceless piece of sneaker history...you will have pony up $300,000 and place a bid....HERE!

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